The Dow Jones Industrial Average (DJIA) commenced the new trading week on a cautious note, hovering near the 44,600 level. While China’s recent monetary policy shift initially ignited optimism, geopolitical tensions in the Middle East and South Korea, coupled with concerns about the global economic landscape, tempered investor enthusiasm. China’s …
Read More »Market Drivers – US Session: Dollar Wobbles as Economic Fears and Fed Caution Grip Markets
The US dollar is showing signs of vulnerability, lingering near the lower end of its recent trading …
Geopolitical Tensions and Economic Optimism Stir Oil Market
Oil prices experienced a modest increase on Monday, fueled by a confluence of geopolitical tensions …
Economic Uncertainty Grips Markets as Fed Faces a Tightrope Walk
A palpable unease has settled over investors, fueled by anxieties surrounding President Trump’…
Dow Roars Back: 600-Point Surge Amid Economic Uncertainty
Equities rebound from recent plunge, but trade tensions and soft retail data cast a long shadow.The …
Dollar Drifts as Geopolitical and Policy Storm Clouds Gather
A week of potentially historic significance opens with the US Dollar easing, as markets brace for a …
Gold Prices Still Soaring Above $ 3,000 Barrier
Gold prices have continued their upward trajectory since the start of trading on Monday, following t…
Consumer Caution: Retail Sales Underwhelm Amid Economic Uncertainty
A note of caution has sounded within the US economy as retail sales for February fell short of expec…
U.S. Stock Futures Decline Amid Trade Tariff Uncertainty
U.S. stock index futures dropped on Monday as investor concerns grew over the potential economic imp…
Oil Prices Rise Amid U.S. Strikes on Houthis and Strong Chinese Data
Oil prices traded higher on Monday as the U.S. vowed continued strikes on Yemen’s Houthis, while Chi…
European Stocks Gain Amid German Debt Deal, U.S.-EU Trade War Looms
European stock markets edged higher on Monday, supported by optimism over a historic German debt dea…
Market Analysis
December, 2024
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9 December 2024 9:02 pm
Consumers See Sunny Skies Ahead, But Inflation Clouds the Horizon
A recent survey by the New York Federal Reserve paints a picture of a consumer landscape marked by both optimism and apprehension. While Americans are increasingly confident about their personal financial prospects, a growing concern about rising inflation casts a shadow over the economic horizon.The survey found that consumers expect …
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9 December 2024 7:56 pm
XAU Climbs Amid Geopolitical Tensions and Central Bank Buying
Gold prices climbed higher on Monday, trading up some 1.33% at $2667 per ounce, driven by a combination of factors:Geopolitical Uncertainty: The ongoing instability in the Middle East, particularly following the fall of the Bashar al-Assad regime in Syria, has increased demand for safe-haven assets like gold. Central Bank Buying: …
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9 December 2024 4:05 pm
US Stock Futures Slip as Investors Await Inflation Data; Oil Gains on Syria Turmoil
US stock index futures edged lower Monday as investors paused to consolidate last week’s record gains, awaiting key November inflation data for fresh signals on the Federal Reserve’s interest rate trajectory. Stock Futures Slightly Down At 05:45 ET (10:45 GMT), futures for the: Dow Jones Industrial Average dropped 30 points, …
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9 December 2024 3:13 pm
US Dollar Dips as Geopolitical Risks Weigh Amid Economic Data Focus
The US dollar edged lower on Monday, as traders digested last week’s jobs report pointing toward a likely Federal Reserve rate cut later this month. However, the greenback’s losses were modest, supported by ongoing geopolitical instability in the Middle East. Dollar Shows Signs of Weakness By 04:00 ET (09:00 GMT), …
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9 December 2024 2:27 pm
Oil Prices Rise as China Signals Monetary Policy Shift and Geopolitical Uncertainty Fuels Gains
Oil prices rose by more than 1% on Monday, supported by expectations of economic stimulus from China and geopolitical developments in the Middle East. China’s Policy Shift Spurs Optimism Brent crude futures climbed 94 cents, or 1.32%, to $72.06 per barrel by 0852 GMT, while U.S. West Texas Intermediate (WTI) …
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9 December 2024 2:26 pm
European Shares Near Six-Week Highs on China Stimulus Hopes
European stocks hovered near six-week highs on Monday, buoyed by gains in mining and luxury sectors following signs of stimulus measures aimed at reviving China’s slowing economy. Market Overview The pan-European STOXX 600 index edged up 0.1% by 1000 GMT, extending its rally to an eighth consecutive session. However, Germany’s …
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9 December 2024 12:45 pm
Bitcoin Pulls Back Amid Policy Anticipation, Altcoins Lead Market Shifts
Bitcoin saw a modest retreat on Monday, slipping 0.4% to $99,439.8 as traders awaited further clarity on U.S. crypto policy under the incoming administration of President-elect Donald Trump. This pullback comes after a weekend rally that saw the cryptocurrency brush record highs. Policy Optimism Fuels Recent Surge Bitcoin’s sharp rise …
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9 December 2024 11:23 am
Weekly recap: Data still in focus after NFP
US dollar ended last week’s trading in the uptrend with modest gains. This movement coincided with rising indices in Wall Street and other global stock markets. Markets were driven by different developments, including mixed economic data, political developments in Europe and the Middle East, and some monetary policy-related implications. Jobs …
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6 December 2024 11:45 pm
Fed’s Daly: Prepared to raise rates if inflation breaks out again.
Federal Reserve Bank of San Francisco President Mary Daly cautioned markets on Friday, warning that despite data still leaning toward the Fed achieving its inflation goals, the US central bank will still step in with additional rate hikes if price growth begins to spiral once again.Key QuotesThe labour market remains …
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6 December 2024 10:04 pm
Fed Official: One rate cut between now and late January is reasonable
Federal Reserve Bank of Cleveland President Beth Hammack recently offered a nuanced perspective on the future trajectory of monetary policy. While acknowledging market expectations of a potential rate cut before the end of January, she indicated a preference for a more cautious approach.Hammack emphasized the need for a modestly restrictive …
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6 December 2024 8:54 pm
GBP/USD Pulls Back After Strong Rally
The GBP/USD pair encountered a downward correction after reaching a one-month high of 1.2810. This decline was primarily driven by a stronger-than-expected US Nonfarm Payrolls report, which initially dampened the US Dollar’s strength. However, a subsequent surge in the US Consumer Sentiment Index bolstered the Greenback, reversing the earlier trend. …
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6 December 2024 8:13 pm
Euro Retreats After Testing 1.0600
The Euro retreated on Friday after a brief rally to the 1.0600 level. The pair closed the session near 1.0550, still holding above the crucial 20-day Simple Moving Average (SMA). This suggests that the short-term outlook for the EUR/USD remains cautiously optimistic, despite the recent pullback.Technical indicators present a mixed …
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